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The book addresses the entrepreneurial origin of the capitalist
firm and its asymmetric contractual relationships between
capitalists, workers, managers and entrepreneurs, and explains the
origin of the firm by focusing on entrepreneurship. A hidden action
model shows how assigning residual claim to entrepreneurs can
provide a better overall incentive; a hidden information model
demonstrates that capitalists are given priority and have authority
to select the management, because capital can signal
entrepreneurial ability; and a general equilibrium entrepreneurial
model shows that the equilibrium relationships between different
members of the firm depend on the joint distribution of ability,
wealth and risk attitudes in the population. Overall, the book
reveals that the capitalist firm is more efficient, not only
because it provides better incentives but also because it ensures
that the most entrepreneurial people control the firm.
The progress of society can only happen through interpersonal
cooperation, because only cooperation can bring about mutual
benefit, thus bringing happiness to each person. This should be our
collective rationality, but we often see it conflicts with
individual interests, which leads to the so-called "Prisoners'
Dilemma" and does not bring happiness to all. From a game
theoretical perspective, this book addresses the issue of how
people can cooperate better. It has two objectives. The first is to
use common language to systematically introduce the basic
methodologies and core conclusions of Game Theory, including the
Nash equilibrium, multiple equilibriums, dynamic games, etc.
Mathematics and theoretical models are used to the minimum
necessary scope too, to make this book get access to ordinary
readers with elementary mathematical training. The second objective
is to utilize these methods and conclusions to analyze various
Chinese social issues and institutional arrangements, with a focus
on the reasons people exhibit non-cooperative behaviors as well as
the institutions and cultures that promote interpersonal
cooperation. In addition to economics, specialists in sociology,
law, history, politics and management will also be attracted by
this book for its insightful analysis on the issue of cooperation
in these fields. Also, readers curious about Chinese society will
benefit from this book.
This book attempts to convey that ideas matter and China needs
right ideas to defeat wrong ideas and to guide its future reform.
The successes that China has accomplished over the last 40 years of
reform and opening were the result of ideas defeating interests.
After the end of the "Cultural Revolution," Deng Xiaoping initiated
market-oriented Reform and Opening because he had new ideas. While
China has made great progress in both economic and social
development since the beginning of reform and opening, there is
still a long way to go to become a liberal society. Although the
ideas of political leaders are crucial in the short term for social
transformation to take place, the ideas of the common people play a
more important role in the long term. The types of new ideas that
China needs are proposed in this book.
This book attempts to convey that ideas matter and China needs
right ideas to defeat wrong ideas and to guide its future reform.
The successes that China has accomplished over the last 40 years of
reform and opening were the result of ideas defeating interests.
After the end of the "Cultural Revolution," Deng Xiaoping initiated
market-oriented Reform and Opening because he had new ideas. While
China has made great progress in both economic and social
development since the beginning of reform and opening, there is
still a long way to go to become a liberal society. Although the
ideas of political leaders are crucial in the short term for social
transformation to take place, the ideas of the common people play a
more important role in the long term. The types of new ideas that
China needs are proposed in this book.
Hepatitis B virus (HBV), discovered in 1966, infects more than 350
million people in the world. The infection of HBV is a leading
cause of chronic carriage of the virus and progressive liver
diseases, such as hepatitis, liver cirrhosis and hepatocellular
carcinoma (HCC). HBV consists of a circular, partially
double-stranded DNA molecule of 3.2 kb in length, which contains
four overlapping reading frames that code for surface proteins
(HBsAg), core proteins (HBcAg/HBeAg), the viral polymerase, and the
transcriptional transactivator X protein. Chronic hepatitis appears
to be due to a suboptimal cellular immune response that destroys
some of the infected hepatocytes and does not purge the virus from
the remaining infected hepatocytes, thereby permitting the
persisting virus to trigger a chronic indolent necroinflammatory
liver disease that sets the stage for development of HCC. However,
the mechanisms responsible for malignant transformation in chronic
HBV infection are not well defined, and both viral and host factors
have been implicated in the process. All cases of HCC occur after
many years of chronic hepatitis which could, theoretically, provide
the mitogenic and mutagenic environment to precipitate random
genetic and chromosomal damage, and lead to the development of HCC.
Hepatitis B virus X protein (HBx), an important transforming
inducer, plays a crucial role in HCC development. HBx has the
capability to influence a variety of signal transduction pathways
within the cells. Monitoring of the HBV genotypes and antibody to
Hepatitis B x antigen (anti-HBx) are significant for predicting
early diagnosis of liver cirrhosis and HCC. HBV and Hepatitis C
virus or HIV coinfections can accelerate the course of chronic
liver disease and facilitate progression to cirrhosis and HCC. As
for therapy of liver diseases, five drugs are now FDA-approved for
the treatment of HBV, including interferon (IFN), lamivudine,
adefovir, entecavir, and peginterferon alfa-2a. Moreover, the
prevention for HBV infection is very important. It is likely that
the most important outcome of the research on HBV has been the
invention, development, and application of the vaccine against HBV.
However, at present most investigators focus on basic research
rather than practical applications. The HBV research should be
focused on animal models and clinical practice. The technology
update in HBV research and the multisubject combination may be
attached importance to next a few decades. Some molecular
approaches, such as antisense, oligonucleotides, ribozymes, RNA
interference targeting HBV mRNA, are available in antiviral
therapies.
The progress of society can only happen through interpersonal
cooperation, because only cooperation can bring about mutual
benefit, thus bringing happiness to each person. This should be our
collective rationality, but we often see it conflicts with
individual interests, which leads to the so-called "Prisoners'
Dilemma" and does not bring happiness to all. From a game
theoretical perspective, this book addresses the issue of how
people can cooperate better. It has two objectives. The first is to
use common language to systematically introduce the basic
methodologies and core conclusions of Game Theory, including the
Nash equilibrium, multiple equilibriums, dynamic games, etc.
Mathematics and theoretical models are used to the minimum
necessary scope too, to make this book get access to ordinary
readers with elementary mathematical training. The second objective
is to utilize these methods and conclusions to analyze various
Chinese social issues and institutional arrangements, with a focus
on the reasons people exhibit non-cooperative behaviors as well as
the institutions and cultures that promote interpersonal
cooperation. In addition to economics, specialists in sociology,
law, history, politics and management will also be attracted by
this book for its insightful analysis on the issue of cooperation
in these fields. Also, readers curious about Chinese society will
benefit from this book.
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